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January 20, 2021

Energy

Keystone Rejection Tests Trudeau’s Balancing Act on Climate and Energy

New York Times
New York Times – For more and to sign up click here OTTAWA — One of President Biden’s first acts upon taking office was to cancel the permit for the Keystone XL pipeline, the long-debated project to transport crude from Canada’s oil sands to the United States. But Prime Minister......

The U.S. remains important in the oil market, even if Biden is less vocal than Trump: UAE energy minister

CNBC
CNBC – For more and to sign up click here The U.S. will always play an important role in global energy markets, even though President-elect Joe Biden is likely to be less vocal than President Donald Trump about oil, the UAE’s energy minister told CNBC ahead of Inauguration Day. “The......

SpaceX bought two former Valaris oil rigs to build floating launchpads for its Starship rocket

CNBC
CNBC – For more and to sign up click here An 8500 series oil rig ENSCO Elon Musk’s SpaceX bought two deepwater oil rigs last year and is converting them into floating launchpads, to support the enormous Starship rockets that the company is developing. The rigs are in the Port......

CANADA STOCKS-TSX opens higher on energy boost, wholesale trade data

Reuters
Jan 19 (Reuters) – Canada’s main stock index opened higher on Tuesday, helped by strength in energy stocks, while data showing growth in domestic wholesale trade in November further bolstered sentiment. * At 9:32 a.m. ET (1432 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 47.39 points, or......

IEA cuts 2021 oil demand outlook as new Covid lockdowns weigh on fuel sales

CNBC
CNBC – For more and to sign up click here A worker holds a fuel pump nozzle at a gas station in Shah Alam, Malaysia, on Tuesday, Jan. 12, 2021. Samsul Said | Bloomberg | Getty Images LONDON — The International Energy Agency on Tuesday cut its 2021 global oil......

French energy group Total buys 20% stake in India’s Adani Green Energy

Reuters
FILE PHOTO: The logo of French oil and gas company Total is seen at a petrol station in Neuville Saint Remy, France, October 1, 2020. REUTERS/Pascal Rossignol/File Photo PARIS (Reuters) – French oil and energy group Total has agreed to buy a 20% minority stake in India’s Adani Green Energy......

Tesla losing ground in Europe should trouble investors, strategist says

CNBC
CNBC – For more and to sign up click here View of the road sign “Tesla Straße 1” in front of the construction site of the Tesla factory. Tesla boss Musk visits the construction site of his electric car factory. Jorg Carstensen | picture alliance | Getty Images Tesla has......

Oil optimism could be derailed by coronavirus risks, Dan Yergin says

CNBC
CNBC – For more and to sign up click here SINGAPORE — Oil producer group OPEC left its 2021 forecast for crude demand growth unchanged on expectations of an economic recovery. But that could change, warns energy expert Dan Yergin. Yergin, vice-chairman at IHS Markit, told CNBC on Friday that......

OPEC says its outlook for the oil market is still clouded by pandemic fears

CNBC
CNBC – For more and to sign up click here An oil pumping jack, also known as a “nodding donkey”, in an oilfield near Dyurtyuli, in the Republic of Bashkortostan, Russia, on Thursday, Nov. 19, 2020. Andrey Rudakov | Bloomberg | Getty Images LONDON — Oil producer group OPEC on......

Biden’s focus on climate change could turn up the pressure on China’s mega infrastructure program

CNBC
CNBC – For more and to sign up click here Workers take down a Belt and Road Forum panel outside the venue of the forum in Beijing on April 27, 2019. Greg Baker | AFP | Getty Images SINGAPORE — U.S. President-elect Joe Biden’s pledge to prioritize fighting climate change......

CANADA STOCKS-TSX falls as energy stocks, virus concerns weigh

Reuters
(Adds details; updates prices) Jan 11 (Reuters) – Canada’s main stock index fell on Monday, dragged down by weakness in energy stocks, while a surge in coronavirus cases in China and rising restrictions across the globe triggered concerns around an economic recovery. * The energy sector dropped 1.4% as U.S.......

Bill Seitz, Ohio Clean Energy Foe, at Forefront of HB6 Bailout Ratification and Defense

ClevelandScene
click to enlarge Bill Seitz/Ohio House of Representatives Documents made available last week show how House Majority Floor Leader Bill Seitz, R-Cincinnati, championed gutting Ohio’s clean energy standards in the state’s 2019 coal and nuclear bailout law. He has since served as a force against repeal. Claims in a federal......

End of Qatar blockade is ‘a win for the region,’ Saudi foreign minister says

CNBC
CNBC – For more and to sign up click here The end of the Gulf dispute is a win for the region, Saudi Arabia’s foreign minister told CNBC after announcing that relations between Qatar and four Arab countries have been fully restored. Leaders of the Gulf Cooperation Council and Egypt......

Oil breaks above $50 for the first time since February

CNBC
CNBC – For more and to sign up click here Paul Putnam, 53, a rancher and independent contract pumper walks past a pump jack in Loving County, Texas, November 25, 2019. Angus Mordant | Reuters U.S. West Texas Intermediate crude futures, the U.S. oil benchmark, broke above $50 on Tuesday......

Consumers Energy Foundation awards more grants to help with COVID-19 relief

Detriot News
Detroit News – For more and to sign up click here Consumers Energy’s charitable arm Tuesday said it has awarded grants totaling more than $480,000 to Michigan nonprofits to help with COVID-19 relief efforts across the state. “Consumers Energy is committed to being part of the solution as Michiganders work toward......

Chinese cities reportedly go dark as country faces shortage of coal, a major Australian export

CNBC
CNBC – For more and to sign up click here View on the Bund, a waterfront area in central Shanghai, which runs along the western bank of the Huangpu River. Frédéric Soltan | Corbis News | Getty Images SINGAPORE — Several major Chinese cities have reportedly gone dark as authorities......

Stocks making the biggest moves midday: Tesla, Western Digital, Enphase Energy & more

CNBC
CNBC – For more and to sign up click here Here are the stocks making notable moves in midday trading. Tesla – The automaker jumped 3% to a new all-time high. The move caps a record year for Tesla, which saw the company report five straight quarters of profit extending......

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